Latest news with #AMSL
India.com
2 days ago
- Business
- India.com
This aerospace and defence company's shares in focus today, Check details here
शेयर बाजार भी पाकिस्तान से कई गुना बड़ा Shares of aerospace and defence company Apollo Micro Systems Ltd (AMSL) are in focus today as the company has informed exchanges that its board of directors has considered and approved the allotment of 2.70 crore equity shares on a preferential basis. The counter opened in the green today at Rs 198.55 on the BSE against the previous close of Rs 197.20. It reached a high of Rs 201, a 1.92 per cent gain from the last trading price. However, it fell later amid profit booking and touched the intraday low of Rs 191. Last seen, it was trading at Rs 196.25. Earlier on Monday, the stock hit a fresh 52-week high of Rs 202. The 52-week low of the counter is Rs 88.10. Issue Price of Equity Shares According to the company's information, the issue price of these equity shares is Rs 114 each, including a Premium of Rs 113 per share. This aggregates to 308.28 crore. 'The company has received subscription money of Rs. 308,28,89,916/—against the issue of 2,70,42,894 Equity Shares,' the filing reads. Convertible Equity Warrants The board has also approved the allotment of 3.80 core convertible equity warrants on a preferential basis at an issue price of Rs 114, aggregating to Rs 108.4 crore. Signs MoU with Munitions India Earlier, the company signed a promising agreement with state-owned Munitions India. This partnership is set to develop advanced defence systems, positioning the company for growth in both domestic and international markets. 'As part of the Memorandum of Understanding (MoU), both entities will identify and pursue opportunities for the design, development, and deployment of advanced defence technologies,' the company said in a regulatory filing. The Hyderabad-based company has also solidified its position in the market by forming a strategic alliance with Troop Comforts. This agreement involves joint manufacturing, marketing, and development of advanced air-defence systems, including anti-drone and anti-aircraft solutions.
Mint
29-05-2025
- Business
- Mint
Apollo Micro Systems share price surges 30% this week. Should you buy, sell or hold this multibagger defence stock?
Apollo Micro Systems share price surged by nearly 30% this week. The defence stock rose close to 10%, reaching a 52-week high during Thursday's trading session. On Wednesday, Apollo Micro Systems announced that it has received an export order worth USD 13.36 million. This order involves the creation of an advanced avionics system designed for civil and military aircraft applications, AMSL stated in a filing. Apollo Micro Systems share price today opened at ₹ 183.95 apiece on the BSE, the stock touched an intraday high of 193.55 per share and an intraday low of ₹ 182.40 apiece. The company disclosed that it has been awarded an export order amounting to USD 13,366,500 (approximately ₹ 113.81 crore) for developing an avionic system. However, due to the sensitive nature of the project, specific technical and program information is restricted by a Non-Disclosure Agreement (NDA) with the client, it noted. Based in Hyderabad, AMSL provides technology-driven solutions across various sectors such as infrastructure, transportation, aerospace, and defence, among others. Apollo Micro Systems reported a consolidated net profit of ₹ 14 crore for the March quarter, marking an 8% increase compared to the previous year, propelled by enhanced operational revenues. In the January-March period of 2023-24, the company had reported a net profit of ₹ 12.9 crore, according to their statement. The operational revenues of the company grew by 19% to ₹ 161.7 crore, up from ₹ 135.4 crore in Q4 FY24. Managing Director Baddam Karunakar stated that FY25 has been a pivotal year for the company, showcasing its best performance ever. The firm reached a significant milestone in revenue, totaling ₹ 562.07 crore, which reflects an impressive year-on-year growth of 51.24%. Karunakar mentioned that EBITDA reached ₹ 132 crore, representing a 54% increase year-over-year, with a solid EBITDA margin of 23.50%. This achievement is attributed to a strong order book, effective execution of strategic defence programmes, and the smooth transition of several high-value products into production, he noted. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Apollo Micro Systems share price have seen a spectacular run this week, with a rally of almost 30%. Momentum is on the bullish side but indicators are in overbought zone. Traders can hold on to longs but fresh long at current levels should be avoided, 165 - 170 is a strong support if any dip towards it can be bought on the upside 205 is the immediate resistance. Anshul Jain, Head of Research at Lakshmishree Investments explained that Apollo Micro Systems share price broke out of an 85-day-long cup and handle pattern at ₹ 155 and swiftly hit its initial target of ₹ 182. The multibagger defence stock is now extended from its 50-day EMA, making a mean reversion towards ₹ 170 likely. If the pullback unfolds with low volumes and compressed candles—indicating ideal quality—then the stock may resume its upward trajectory. In that case, bulls could eye the next leg of the rally towards ₹ 220. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
20-05-2025
- Business
- India.com
Apollo Micro Systems gets NSE, BSE nod to issue Convertible Warrants on Preferential Basis
Stock market- File image- For Representational purpose Stock market news: Hyderabad-based defence firm Apollo Micro Systems Ltd (AMSL) has received in-principle approval from both the National Stock Exchange (NSE) and BSE for the issuance of equity shares and convertible warrants through a preferential allotment. According to the company, the approval covers the issuance of 3,11,05,210 equity shares of face value Re 1 each, at a price not lower than Rs 114 per share, to non-promoter entities. Additionally, AMSL will issue 3,80,67,059 warrants, each convertible into one equity share of Re 1. As part of the approval process, the NSE has advised the company to enhance its internal controls to monitor trading activity by the proposed allottees, to prevent any regulatory violations. Further, the exchange instructed AMSL to obtain a written undertaking from the allottees confirming they will refrain from intra-day trading or selling any shares of the company until the date of allotment, in accordance with SEBI (ICDR) Regulations. AMS Share Price Update Despite opening strong on Tuesday, Apollo Micro Systems' shares saw some profit booking. The stock opened at Rs 140.95 on the BSE (previous close: Rs 140.25), but later slipped to a low of Rs 134.65. At last check, it was trading at Rs 135.45. Stock Performance The stock has given a multibagger return of 309 per cent in two years and 1,019 per cent in three years. The counter has gained 12 per cent so far this year. The 52-week high of the stock is Rs 157 and the 52-week low is Rs 88.10. The market cap of the company is Rs 4,140 crore. Recent Developments In a recent strategic move, AMSL signed a Memorandum of Understanding (MoU) with state-run Munitions India Ltd to co-develop defence systems for domestic and international markets. Under the MoU, both companies will collaborate on the design, development, and deployment of advanced defence technologies.
India.com
15-05-2025
- Business
- India.com
Stock market update: Defence stock AMSL gains over 7 per cent today: Here's why
Stock market update: Shares of aerospace and defence company Apollo Micro Systems Ltd (AMSL) jumped over 7 per cent today, i.e. on May 15, 2025, even as the market remains volatile. The stock opened at Rs 131.80, with a slight gain from the previous close of Rs 131 on the BSE. It later surged to touch the intraday high of Rs 141.10 – this is a gain of 7.71 per cent from the last closing price. On technical parameters, the counter is trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Also, it has outperformed the sector by 3.14 per cent. The market cap of the company is Rs 4,229.56 crore. The 52-week high of the stock is Rs 157, and the 52-week low is Rs 88.10. The stock is also in action as the company has informed exchanges about the critical updates to its Extraordinary General Meeting (EGM) notice and corrigendum, issued earlier in January 2025. The company stated that for convertible equity warrants, 25 per cent of the issue proceeds would be collected at the time of allotment, with the remaining 75 per cent due within six months. The entire amount is expected to be utilised within nine months in line with SEBI's ICDR regulations. The company has also corrected earlier references in its filings by stating that the phrase 'and Private Sector' in one section of the corrigendum and addressing regulatory observations made by NSE on May 13, stands deleted. Earlier, the company signed an agreement with state-owned Munitions India to jointly develop defence systems in the domestic and international markets. As part of the Memorandum of Understanding (MoU), both entities will identify and pursue opportunities for the design, development, and deployment of advanced defence technologies, Hyderabad-based AMSL said in a regulatory filing. AMSL has also inked a pact with Troop Comforts for joint manufacturing, marketing, and development of advanced air-defence systems, including anti-drone and anti-aircraft solutions.
India.com
05-05-2025
- Business
- India.com
Multibagger defence stock gains 7 percent after this update
Stock market- File image- For Representational purpose Multibagger Stock: Shares of Apollo Micro Systems Ltd (AMSL) are in focus today i.e. on April 7, 2025. The stock has gained over 6 per cent after the firm shared details about a share purchase agreement with the exchanges. The counter started the session at Rs 119.90 on the BSE with a gain of 3.01 per cent from the previous close of Rs 116.40. It surged further to touch the intraday high of Rs 125. This is a jump of 7.39 per cent. The counter has gained after two days of consecutive falls. The 52-week high of the stock is Rs 157 and the 52-week low is Rs 88.10. The market cap of the company is Rs 3,797 crore. AMSL, an aerospace and defence company, offers technology-based solutions in sectors such as infrastructure, transportation and others. AMSL acquires IDL Explosives In an exchange filing, the company said that it has signed a Share Purchase Agreement to acquire full ownership of IDL Explosives Limited. The all-cash deal, according to the information shared, is of Rs 107 crore and in all-cash. 'Apollo Group is proud to announce a significant enhancement to its strategic portfolio through a landmark alignment with India's First Explosives Company- A Pioneering, Indian-owned enterprise with a distinguished legacy of over 64 years. This esteemed organization, a proud member of the globally renowned Hinduja Group, brings unparalleled expertise and heritage to the partnership,' said the company in an exchange filing. The transaction is expected to be completed within two to three months. Earlier, the company signed an agreement with state-owned Munitions India to jointly develop defence systems in the domestic and international markets. As part of the Memorandum of Understanding (MoU), both entities will identify and pursue opportunities for the design, development, and deployment of advanced defence technologies, Hyderabad-based AMSL said in a regulatory filing. AMSL has also inked a pact with Troop Comforts for joint manufacturing, marketing, and development of advanced air-defence systems, including anti-drone and anti-aircraft solutions. With PTI inputs
